5.75% 12-Month / 5.75% 6-Month CD at a California Bank (Temecula Valley)

Temecula Valley Bank is having a grand opening special in which they are offering a 5.75% APY certificate of deposit for terms of 6, 9 or 12 months. This is available only at their new Ontario office. The minimum is $10K, and it requires new money. This special is not listed at the bank's website. It was advertised in today's Press-Enterprise newspaper. The ad is available online here.

The bank has several branches in Southern California. The new office is located in the city of Ontario which is about 30 miles east of Los Angeles.

The bank is FDIC insured. It has a safe and sound rating of 4 out of 5 stars (sound) at Bankrate.com.